HONG KONG, Sept. 26, 2016 /PRNewswire/ -- The Big Data & Analytics for Banking Summit hosted by Innovation Enterprise, is coming to Hong Kong on October 19 & 20 at the InterContinental Grand Stanford Hotel. Speakers across the two days including senior data executives from BBVA, Zurich, HSBC, QBE, Standard Chartered Bank, CITIC, Natixis and more leading banks and financial institutions.
As we are increasingly moving towards a cash free economy, we have also seen the rate of fraud increase. Given that we are now also moving towards a contactless economy where there is no kind of identification verification needed for smaller transactions, this trend is only likely to increase. Globalization has also seen a huge increase in fraudulent transactions moving money across many countries to avoid taxes, launder money or bypass sanctions.
However, this increase in fraudulent electronic payments have also given some significant power back to the financial institutions. This is through the use of historical data which gives banks the ability to identify potential fraudulent trends, something that Singapore bank DBS is fully backing to help its customers.
DBS are utilizing data to identify historical fraudulent trends, representing something of a watershed for banks in Singapore, as DBS are the first to utilize big data technologies over time to identify fraud, rather than simply in the more commonly seen individual payments.
This focus on big data is something that Subir Chandra, Senior Vice President at T&O-COO Office, DBS Bank, will be discussing at this summit.
Subir will be giving a blow-by-blow of how DBS is leveraging data to lead change across the entire the company. He will be discussing the use of data, heuristics, experimentation and collaboration in various verticals within the company and how they are approaching the challenges that come with this approach.
Subir will be joined at the event by some of the most innovative companies within banking who are also adopting new data techniques and technologies. Amongst some of the subjects being discussed are data security compliance, data governance, regulation and market analysis with the aim of creating a rounded and complete view of the current challenges and opportunities for the use of data within banking. It is the first time the summit will be held in Hong Kong, having previously seen significant success in New York and Melbourne.
For more information about the summit please click here to visit the website. Alternatively, please contact Ryan Yuan at ryuan@theiegroup.com or +852-5808-1636.
About the Organizer:
Innovation Enterprise Ltd., a division of Argyle Executive Forum, is an independent business-to-business multi-channel media brand focused on the information needs of Senior Finance, Operations, Analytics, Big Data, Strategy, Digital, Innovation & Sports executives. Products include IE.Summits, ieOnDemand, ieWebinars, ieWhitepapers & more.
Whether it's delivered online, or in person, everything Innovation Enterprise produces reflects the company's unshakeable belief in the power of information to spur innovation.
Media Contact:
Rui Wang
Phone Number: +852-5808-4606
Email: rwang@theiegroup.com
